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20130107
20130115
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CNBC 20
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English 44
Search Results 0 to 43 of about 44 (some duplicates have been removed)
CNBC
Jan 8, 2013 4:00pm EST
2.5% or so, these companies have figured out how to make money in a slow growth environment so combined with that, 4%, 5% earnings growth, that's reasonable in the kind of environment that we're in right now. >> no great shakes in terms of earnings growth. >> no. >> but good enough is what you're saying. >> that's right. i think it's good enough. >> what's priced into the market though? i mean, we've got expectations that we'll see much higher prof materialize or what? >> you know, really i think the market, you know, the p.e. ratio, if you look at valuations as far as that metric goes, i mean, the market is not willing to take the pes very high, may inch higher, 14, 14.5 or so, by the end of next year. the market knows we're in a slow growth environment. we're not going to get strong gdp, and it's not willing to assign much of a pe to these earnings. that's going to be a continuation, but next year i think investor confidence is going to improve a little. it's really lagged in this rally, so i think we're just going to be able to inch it up enough to where we have a decent yea
FOX Business
Jan 7, 2013 11:00pm EST
hikes, what the environment will be like in washington, especially with a lot of republicans they seem to be running scad. >> that is where just as mayor giuliani said, the republicans should not run scared, they should tell the truth, and get the facts out to the people. >> jim: but they are not doing it. >> they are not doing it. maybe the mainstream media is ignoring them, this is a simple message, if you want to government to grow at the rate it is growing, and you are okay with this big government you see, you have to pay for it, a lot more than we are now, and a lot more than hiking taxes on the rich, now, but they can't get through the noise. >> well i don't see much of a attempt to try to get the facts out to the people, i think that have to figure out a way to connect with the people and be able to tell them the truth. you know margaret thatcher said that the problem with socialism or kd of government that obama is trying tony flick o to inflat sooner or later you run out of other people's money. neil: we might be seeing that now, a lot of americans seeing payroll taxut makeo
FOX Business
Jan 9, 2013 9:00pm EST
? no marijuana, not dumping chemicals bad for the environment, a growing vegetables, how can that be something in violation? >> is a head scratcher. the municipal code is about political power. and right now stay at home gardening is on the rise so more cities will overturn the code but do we want to fight to grow our garden? gerri: it should be a given. more and more cases like this house are the courts responding? >> it is heartening. it is disturbing because property rights are a cornerstone of liberty you can say this is mine and you cannot say anything about it. with eminent domain of use and the epa is a huge violator have been doing a pretty good job they have been slapped down to the epa because they declared someone's land a wetland in you cannot challenge this while be fine you $75,000 per day. gerri: we heard about that. i knew about them in the domain. good reasons and very bad reasons. can and should americans fight back? >> absolutely. politics is messy but one rule is they will find the easiest path to get what they want. there is the case next week involving a guy who had a per
FOX Business
Jan 13, 2013 8:00pm EST
'neill at 9:00 tonight and signed the final agreement. we don't have that environment anymore. maybe that is good for the sunshine law but with intense media scrutiny and day-to-day negotiations it is tougher to get the deal done. i would like for them to go to camp david for one week. lori: with a chance to get spending cuts? will republicans have any leverage? >> there is opportunity to have responsible conversation. lori: that anything done? >> it is possible. the budget that was criticized the president has proposed drastic spending cuts and froze discretionary spending over five years not what democrats would be happy about what would follow if there was a deal. it is maybe a little less likely than one year ago but it is possible. lori: meno bernanke will leave at the end of the term. how will that unfolds? >> now -- now they say tim geithner will go to the head of the federal reserve. [laughter] i think he has had his do but it is a close relationship. it is with the entire board and not just the chairman. on lot of people have known them for a long time. lori: who will handic
CNBC
Jan 7, 2013 5:00pm EST
. no huge surprise in the retail environment this year and we think sales overall were pretty good and margins and profits are going to be very positively reported in january. >> so, be specific. i know you have tons of different retail players in your spaces, but who really got it and who didn't? >> well, the folks this were really creaming it this year were tjmaxx and ross stores, marshalls, home goods, all the tj divisions, nordstrom rack, old navy had a terrific holiday season. target was a little off on their sales but they're very, very strong on their margins, so, what they didn't do was take the big markdowns and give away the merchandise. and that's very important to us as a landlord, because tenants pay their rent with margin, not necessarily with comp store sales. probably the biggest disappointment was colekohl's. while they did have positive comp store sales, they did have to highly promote their merchandise in order to get the sale sales. >> are you concerned at least in the short-term about the 2% increase in payroll taxes that are -- it's going to be felt by all ame
CNBC
Jan 8, 2013 5:00pm EST
. in the past four years we probably haven't seen a better global economic environment when it comes to chinese demand. we have a pickup now in housing, in auto sales. maybe it's a different sort of environment for alcoa this time, keith. >> and this is going to be the back and forth of earnings season. earnings are a lagging indicator. they are going to slow but growth is stabilizing globally and that's a big difference versus slowing. so, with alcoa, i agree with guy. better than bad is the point. we got to get to the financials. that's going to be the front end of earnings season which starts on friday with wells fargo. >> karen? >> alcoa is first. aa. coming up first in the book. other than that, i don't see it as a read through to much. >> harder this time around concerning we've got positive data from the automakers already and boeing is clouded with a whole other myriad of problems of its own. this is not necessarily a read through into the strength of the a a e r aerospace industry. back on december 18th, moody's put alcoa on a negative review with a positive downgrade to junk status. w
CNBC
Jan 14, 2013 6:00pm EST
, the best way to do that in this environment may be simply to buy another company. hence, the huge spike in m and a activity in the fourth quarter. i think it's big. this trend continues in 2013, if you ask me. but i don't want just to seek more deals. i want them tb the right deals. buy, buy, buy. so for all of the lonely is ceos who i'm sure are sitting on the rooftops saying. ♪ match maker make me a match ♪ find me a match make me a pefr fekt match so you can say, make me a rich man to a very plaintive tune. the hottest steam out there, a steaming hot steam, housing. these two combined, business will be an absolute powerhouse. i'm talking about masco and fortune brands home and security. two makers of cabinets, plumbing fixtures and housing-related products. masco is a large commodity to home depot and i should point out that any deal to acquire fortune brands would have to be done later in the year because of ar kind tax deal. that's the caveat. still, the timing. we are now witnessing a fabulous housing rebound. something i've been talking about a lot lately because it's incredi
CNBC
Jan 10, 2013 6:00am EST
to be an economic and political environment. that's going to be the story for 2013. >> we get a lot of people who come in who it seems to me lately there's a big divergence. there are those who are optimistic about things and think things will go well. others that say, forget it, we've seen all the gains. which camp would you put yourself in? >> i guess i'm not wholistically in either camp. it's more an optimist than a pessimist. we've seen stock correlations begin to fall a little bit. that's encouraging. it says that investors are begin to go loor fop companies that figure out how to make money in a slow growth environment. not sure what the indices will do, but i think the companies that are positioned to save other people company. i was thinking about the people who sell cnbc their coffee cups. you don't do that. somebody has figured out how to do that on large scale and make a lot of money doing it. so those kinds of companies we're going to look for. that means selectivity. that means looking in place that's we don't like from a mook row point of view such as europe. >> but from the average
CNN
Jan 14, 2013 2:00am PST
in the ecosystem. >> basically it's come to this. the environment where these pythons now live is not used to them. these creatures have evolved from places like the rainforest in southeast asia or the african savannah, and the habitat or the grassland habitat that you find in the everglades just simply is not equipped to deal with these very new and very invasive species. basically these pythons are invaders, and they are eating everything they come in contact with. >> you say these very new, are these pythons that were people's pets? >> likely that's how all of this originated. pot past 30 years people have been importing these snakes. a lot less lately. but during the 1970s and 1980s thousands and thousands of these snakes were brought in from asia and africa, and more often than not they either escaped because of hurricanes or people released them into environments where they shouldn't have, and these animals took over. they started out as pets, and then through negligence were released and, unfortunately, this ecosystem just really is not prepared to take on what these snakes do to the enviro
CNBC
Jan 7, 2013 4:00pm EST
an environment of better economic growth. rates might go higher. we think the immediate part of the curve is probably the safest place for the investors who are looking or think rates might be going up. then the other is you need to play the revenue space. there's a lot of high quality credits out there. but the yields are low. you're not really getting compensated. from a risk reward perspective, like health care and transportation, like housing and education offer a lot of value with not a lot of risk. >> so tell me how the fed plays into all of this, peter. there was all that noise last week about the division among fed members on how long the stimulus program should continue or will continue. if rates stay low and they don't fall any further, what's the impact of the growth in the muni bond market? how does that play into it? >> that's a great question. that's one we're talking about here as well. i think it's important to realize that the fed was only beginning to talk about having a debate or a discussion about removing that qe. so they've been anchoring on the long end of the marke
CNBC
Jan 10, 2013 5:00pm EST
did say that the environment remains challenging, but the company's overall core results remain strong. he went on to talk about this restructuring that's taking place, again, including those 5,400 jobs that melissa mentioned that are being eliminated. he said they are shifting a lot of their services for their clients online and that allows them to cut jobs. the 5,400 job cuts will take place over a year. again, the conference call continue, we'll be back with other highlights as they are -- as american express reveals them. melissa, back to you. >> thank you, mary thompson. it interesting the discrepancy between what american express is staying, what we've heard from retailers about the holiday season. sounds very strong. you look at mastercard and visa which continue to hit new highs and the retailers on the other side. >> when you look at the higher end retailers, american express tends to be the higher end card. you look at a tiffany's and that kind of thing. they talked about having these record days yet their revenues were less than expected. they beat earnings because they are
MSNBC
Jan 8, 2013 6:00pm PST
enough people. and how do we get them in an environment in which nobody wants to serve and we have a hard time making national security decisions about what to do and make them honestly and intelligently. we've had a pretty lousy record of making intelligent decisions about national security in the last few years. >> i just think it's fascinating that we're now in a position where we need to be transitioning from being a military that is making all of its decisions about dwell time and how much time you got between deployments and who is going to deploy where and when to instead thinking about a mill they're is not at war, that needs to decide what its strength is going to be, its training requirements, its weapons systems are going to be. and the last time we did this really is after vietnam and we've got all these vietnam guys. >> you're absolutely right. if you talk to a guy like marty dempsey, chairman of the joint chiefs of staff, and you get him against the corner and we're inside the cone of silence and he'll tell you honestly what he believes, he will tell you that one of the majo
CNBC
Jan 11, 2013 9:00am EST
much money. the deposit growth here is unbelievable. but in this environment, people want net interest margin. they want the bank to make more money or more mortgages. >> some banks out there, just declined only six basis points. that's how optimistic some on wall street will be going into this quarter. the sequential decline, it's 3.56 for the fourth quarter from 3.66 in the third. as you mentioned, ten-base point decline. so that picture has been dimming a bit. total lending has increased. >> not enough to offset the incredible increase in the deposits. what did they take in over -- >> $30 billion in the quarter. >> 12% annualized. even with that rescinding of the insurance beyond 250,000, still deposit flows. yet you can't put it into productive loans or you don't want to because you worry about credit quality and we end up with contracting energy -- >> look, we're at a moment where i don't think anybody who's got a mortgage, they know they're getting a good price. the ohio regionals are going to do better. that welgs is now a sale. look, wells could go to 33. if it had been to 32,
CNN
Jan 10, 2013 2:00am PST
on some gun measures. what's clear here is the political environment in washington, we've seen over the last several months, how it's been very difficult to get movement on anything that goes down to the wire for lawmakers to come up with some sort of bipartisan agreement. what the vice president is spelling out here, is floating, essentially he's talking about the reality of the current political climate here in washington. yes, there are things that can be done legislatively. but if those things can't be done, then the president is willing to act alone. why? because he says it's time to act no now. >> i want to make it clear that we are not going to get caught up in the notion, unless we can do everything we'll do nothing. it's critically important that we act. >> in addition to these meetings that you spelled out earlier that the vice president is holding today, yesterday he also met with some faith leaders. they talked about the moral imperative to act quickly. he also had a conference call with governors, other stated and local officials across the country. they're really tryin
CNN
Jan 12, 2013 6:30am PST
revenues in a global environment that allows us to be competitive. i fear we're not going to do that. we'll be -- just getting a budget deal in place would be a good first step. and until we do, i think it's kind of the sand and the wheels of tackling some of these other issues -- energy, immigration, education, competitiveness. all of these are sort of frozen out because we're paralyzed because of our fiscal situation right now. >> and there are those who say the discussion about gun violence, there are groups who think the discussion about gun violence they wary is taking some of the momentum away from the other conversations. there's not enough oxygen in washington to handle it at the same time. john allon, maya mcginnis, have a great weekend. >>> coming up, congress has ignor ignored, ignored the housing market. it may be the best thing that ever happened to buyers and sellers. with the spark cash card from capital one, olaf gets great rewards for his small business! pizza! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! helium delivery. put it on my
FOX News
Jan 12, 2013 12:00pm PST
environment. >> they are more parsimonious today but he also said tell the truth because sooner or later people will find out. that is still a modern day public relations. >> 100 million people will stouffer's is proud to make america's favorite lasagna... with hand-layered pasta, tomatoes, and real mozzarella cheese. but what makes us even prouder... is what our real dinners can do for your family. stouffer's. let's fix dinner. john: 100 million people will die because of global warming. according to a recent study of an environmental group. for 18 years of low-cost over $100 trillion. the report got plenty of news coverage. 100 million deaths should. are we going to die? yes. probably not from global warming. bjorn lomborg worries about air pollution and global warming but says the coverage is junk science? >> it is and very harmful. it tells us 5 million people will die every year because of global warming. they fail to say it has nothing to do with global warming. just the 3 million people was from indoor air pollution. if anything it is the opposite. lots of poor people in the third
CNBC
Jan 9, 2013 6:00am EST
environment. if the yield curve starts to stephen as we've seen in the -- to stephen as we've seen in the first weeks of 2013, that will eliminate net interest margin pressure. profitability should improve for the group. >> how much do you care about what's going on in washington over the next two months? >> i think that's important because the austerity measures being talked about in washington will slow general economic growth in the country. and as you know, that's a real driver for bank loan growth. and so if those austerity measures are too much and puts us into possibly a recession or just slower growth, that will affect the outlook for the banks. i think you're going to see that the housing market's going to continue to grow. and that's going to be a real driver to the success of the banks this year. >> okay. now in your note to clients, you say that your four best ideas -- i'll list them. walk us through why you like them. you like discover financial services, fifth third bancorp, pnc financial, and wells fargo. >> yes, when you hook at starting with the last one, wells far
FOX News
Jan 13, 2013 9:00am PST
to take care of the environment. >> and our response to that s we have no problem with the protection of the environment and wettelands but if it is a public good the entire public should have to pay for it. you shouldn't force one property owner to bear the entire burden of playing for that. >> shannon: to get the permit that he wants to fix the land. do you you feel like you you have is taken on something that is a bigger fight for all americans, all landowners. >> definitely. this affects, of course, not only us and we are in the final stages but it affects any one in the state of florida who owns property. and as far as that goes in this country who owns property because if you assuming that we do come through this successfully it will at least hopefully stop this flood of government regulation and taking land. >> shannon: at this point do you feel like it is a fair fight, the individual land own oar versus the government? do you feel like there is a balance of powethere or not? >> if i had warren buffett's money it would be fair. there are two aspects. number one the financial an
CNBC
Jan 7, 2013 6:00am EST
it is that they have no intention of doing, anyway. basically, we live in an environment where things are going to continue to change and businesses are going to feel money if they feel there's an end demand that justifies that. there's end demand in china, end demand globally and moderate end demand in the u.s. the reality is businesses have done relatively well for the last two or three years and will continue to. >> real quickly, herbalife later this week will be making a big presentation trying to defend itself from bill ackmann. your thoughts? >> look, i happen to feel that waging your short selling campaign on the air waves a way of dictating stock price, i am personally uncomfortable with. i think it's the wrong way to go about investing because it raises all these questions of are you making a legitimate analysis of the underlying business of the company or are you trying to shift the momentum in order to make money off the stock direction? >> you don't think that bill ackmann is going out, and then selling without us knowing? >> no, i don't believe that. i just don't think that's the
MSNBC
Jan 7, 2013 3:00am PST
problem or not. they get very upset because they don't. they have been destroyed by our food environment. i think these studies will come together and show that we have a couple addictive things, just like cigarettes. which sounded crazy a long time ago that people would say junk food would be linked, parallel to the tobacco court rulings. but, you know what, we're going to get there. i'm sure of it. >> well, you know, be prepared to hear from the corn refiners association. >> soda pop industry, come at me, too. tell me you're not selling complete poison. some nutritional value in pepsi. something in orange soda adds value to our diets and our body. don't look at me. what's wrong with you? >> let's all go out after the show and have some twizlers and talk this through. >> these are the things we have been eating for decades and drinking for decades and then we have an obesity crisis and we can't make the link? >> it's very possible the science will take us there. we do know where the science is for sure which is a diet on whole fresh fruits and vegetables primarily with small amounts of
MSNBC
Jan 8, 2013 1:00pm PST
-- a hospital operating room so they would have to have the ventilation system for a sterile environment even though one is not needed to perform an abortion. they would have to have regulated widths for hallways and doors for abortion clinics. and this is another one that is rather interesting, there would be a minimum number of parking spaces required for abortion clinics. so these are all sort of the nitpicky ways that conservatives have used, you know, local laws, state laws, to restrict a woman's right to access to preventative care. >> and, you know, maria teresa, to jonathan's point, many of these clinics that so upset social conservatives offer, as you know, a wide variety of health service. for instance, screenings for various kinds of cancer. what is it about helping often poor single women that so upsets conservatives? >> well, i think you hit the nail on the head, martin. the conservative folks going after a woman's right to choose, and it's the extreme right, they are basically talking both sides of their mouth. at the same time they don't want preventative care. they don't want
CNBC
Jan 9, 2013 4:00am EST
well in the current environment. you can't survive in this industry unless you continue to cut costs. we've got a great track record, frankly, over the last five years of delivering, you know, circa 100 million pounds of cost savings year on year. we intend to do that going forward. >> and joining us with more, founder and managing director at neeve capital. thanks for joining us. how tough is if for the gross? tough for morrison's. we get tesco tomorrow. >> i think it is tough and goes beyond the economy. i think what's happened is to some extent people are prioritizing spending on other things over food. you've seen so much food inflation the last two, three years that people almost prefer to spend it on treat like apple, for example, or clothing. what that actually has meant is people are discovering or rediscovering that it's cool enough to shop, and people have discovered you can get good quality stuff at really much cheaper prices. and i think in other terms, what people are doing is they're shopping on convenience. they want to go? where closer to them. they don't actually lik
MSNBC
Jan 13, 2013 9:00am PST
attacks, the united states is susceptible to that environment. it's not only here in the united states but u.s. interests around the world. and that's why the u.s. has to maintain or believes it has to maintain that presence there. there's no doubt that going forward many of these issues are going to come to the surface. afghanistan could find itself in a very bloody civil war. iraq after the u.s. withdrawal has not gotten necessarily better. there's still violence. there are still attacks. but to some extent u.s. interests are a little more secured as a result of what happened there in the eyes of, you know, the united states officials that pursued that war. so again, you could make the argument that in afghanistan something similar could happen. but there's no doubt a great deal of uncertainty, great deal of questions remain. as to whether or not the central government in afghanistan can actually control the military and preserve the security, integrity of that country. and that remains to be seen. >> if only we could predict the future. all right, ayman, good to see you. >> thanks a
CNBC
Jan 8, 2013 6:00am EST
. that's the bleed air. and that bleed air usually does everything from controlling the environment within the cabin, the heating and the cooling, onboard electronics. what makes the dreamliner so different, so unique, is the amount of innovation that's gone in to using these lithium ion batteries in order to run the electronics on the plane. well, part of the problem here is, you're taking an amount of electricity that is coming off of these generators, in a very confined and small space, andrew, i mean this would be different if you were in the middle of a power plant. you'd say no problem. companies do this all the time. now you're trying to do this inside of an airplane. we should point out, this has gone through certification at the faa, repeated testing. it's not like they're just throwing these planes up there and there hasn't been any kind of safety checks. they went through extensive tests. if the issue now is was there, and this is something i think we're going to hear about in the next couple of days, is there a specific, perhaps malfunction with some of the electronics a
CNBC
Jan 9, 2013 9:00am EST
we like wells fargo a lot. they get hurt in a low rate environment, they'll be helped a tremendous amount when short rates move up, and investors have not yet been willing to believe that the mortgage profits are sustainable. even though wells has got 30% market share of the mortgage market, which over time should be a positive. it's just they're not willing to give them full credit for it yet. >> moshe, thanks for your time. >> thanks very much. >> i did want to discuss some breaking news on morgan stanley. the company, a number of news outlets reporting job cuts coming there. we can confirm and clarify some of those reports. morgan stanley sources close to the company indicating they will cut about 6% of its overall institutional securities, and infrastructure staff. those cuts will total 1,600 jobs, half would be international, half will be domestic. again, 6% of securities and infrastructure. now, putting that in perspective, the company has 57,000 total employees. some have reported 6% overall, that is not correct. again, if you do the math, it would be 1,600 total. they've be
CNBC
Jan 7, 2013 12:00pm EST
environment? plus, by the way, companies have done a great job of getting costs. >> well, i think staying at the elevated level is going to be a tough school. i think margins have to come down to get marginal growth higher. i like the durable goods, the factory orders. they're going to have to take a bitter pill with margins coming down, whether they buy something or whether they reinvest in their business, they're going to have to take a short-term margin hit to buy that top line growth. and so that is the only way we're going to get real earn eggs growth. >> ron, i want to go through some yck picks, which some people may not deem on be the most sexy around. kello kelloggs, man tech, microsoft, ge, progressive insurance, you can take any one of those or a couple of them. talk to me. why do you like them? let's take progressive as an example. everyone sees the advertisements on television. this snapshot product has required a two to three-year reinvestment of funds in the company. now they'll be able to get this snapshot over the next few years. they have deliberately slowed business to s
CNBC
Jan 9, 2013 4:00pm EST
normal, if you will, in a lot of these companies given the fact that the regulatory environment is getting worse and globalization is not necessarily on their side where it was so many years ago? is this going to be the new normal? well, i don't think so. here's the question. will the politicians get it right? will we go over the cliff, another debt ceiling and if we don't we could have a very robust capital markets this year, an that's what encourages me for the big money centers. for the smaller guys starved for loan growth and margin pressures they will be buyers. the really small guys will be the sellers and you'll see a lot of m & a opportunity out here. >> jason this morning you raised estimates on three banks. you lowered estimates on nine banks. tell me what was behind that. you're expecting the quarter to be what, more negative than positive for the sector overall? how do you see it? >> fine tuning here and there with overall estimate. i think generally for the earnings for the quarter. we think about half our banks will beat expectations. half miss. if you think during
CNBC
Jan 14, 2013 3:00pm EST
the risk. >> you manage risk. that's what you have to do particularly in today's environment where there is a fair amount of risk. let me ask you before we get into this dwe bait. how are you managing risk right now? how are you allocating capital? >> we're global managers so we have a broad spectrum where we can go now. we think overseas is advantageous rather than being in the u.s. close to the highs. yet the economy is -- the real economy is trading somewhat off its highs. if you look at europe, for example, where the headlines have been negative. the news flow has been awful. performance has been awful as well. so the market in europe has more reflected the performance of the real economy than it has here in the u.s. the fed qe program, the safe haven of the u.s. has caused money to flow to this part of the world. i think that leaves the u.s. a little pricier and perhaps more of a risk. >> it takes courage to fight the fed, though, right? >> absolutely. but ultimately and jack said it, fundamentals do matter. i think the market will reflect those. >> i heard active management d
FOX News
Jan 7, 2013 5:00pm PST
to live in that stressful environment. >> bill: you needed to get out of there to clean up? >> that's what ended up happening. i have had the longest period of sobriety since leaving. >> bill: how did you get off? >> i went to rehab. but i went to many rehabs. how did i stay off is more the question. >> bill: okay, go. >> well, i got married. had a family. had children. i have relationships that are more meaningful in my life today like my cousin chris, than the superficial relationships that i spent most of my time nurturing when i was in political life. >> bill: did you go like he did into a structure into a crew this is what you have to do? >> to the best evidence based crossing anyive behavior which is 12 step program. deal with it every single day. >> bill: the book, recover to live, if anybody out there has a problem or knows people who do. check this out. gentlemen, would appreciate you coming. in did you a noble thing. >> appreciate it. >> bill: bernie goldberg on the ethics of printing the names of legal gun owners in the newspaper. berne is is next. copd makes it hard to breathe,
MSNBC
Jan 13, 2013 11:00am PST
for them. he is not responsible for them having a proper environment in which to do their jobs and that will include making sure that don't ask, don't tell and elimination of don't ask, don't tell is fully implemented. >> with regard to the military budget, he has called the military a bloated organization. chairman of the joint chiefs, martin dempsey, said this week that we are on the brink of creating a hollow force. would a secretary of defense hagel preside over the hollowing out of the defense department? >> the biggest concern with respect to who will league out is this sequester that's hanging like a sword over the department. that's what they had tried -- have to not let that happen but with respect to going in and finding things within the department of defense that perhaps you don't need or you can eliminate, if that's what you mean by bloat, i hope he does find bloat and gets rid of it. >> do you agree with his characterization that it's bloated? >> bloated doesn't necessarily mean the whole department is bloated. bloated mean there is are probably things in the depa
CNBC
Jan 10, 2013 1:00pm EST
's session. nokia on strong surge sales. the company did warn that competitive environment though remains challenging. molly corp plummeting after 2013 revenue and case flows would be weaker than expected due to falling rare earth prices. and super value, which has been in the news lately, says it plans to sell five retail grocery clans to an investor group. the price tag, $3.3 billion. as we continue on power lunch we are waiting for president obama to set to name the white house chief of staff jack lew as new treasury chief. but there are a number of people, including some on the floor, who are afraid of mr. lew, heading up treasury. we will talk about that when we come back as you look at this live picture from the white house. i've always had to keep my eye on her... but, i didn't always watch out for myself. with so much noise about health care... i tuned it all out. with unitedhealthcare, i get information that matters... my individual health profile. not random statistics. they even reward me for addressing my health risks. so i'm doing fine... but she's still going to give me a he
MSNBC
Jan 12, 2013 5:00am PST
the submarine n that environment to have the largest insurance company in the world that had written savings protection contracts to thousands, hundreds of thousands of american households and to a bunch of state and local governments to have that inconstitution fail in that environment our judgment would have been catastrophic. >> all right. who's right? >> dishonesty of that statement we saw in the testimony from congress. aig was not saved to protect savings accounts. it was saved so that aig could make its payments that alexis would describe earlier. to the largest too big to fail bank that's made the reckless counter party bet risks on aig and the taxpayer was footing the bill. look, even tim geithner himself in some ways acknowledge that was an unfair thing when he authorized his people to negotiate with the banks to try to have a discount, not 100 cents on the dollar buying securities at a time were worth less than half that amount. it was a half hearted, you know, just terrible effort that it didn't go anywhere. >> we were talking about right before those clips the loss of faith in s
CNBC
Jan 11, 2013 4:00am EST
parts of the world. as far as the current environment, it's a good place for them to we, focused on the u.s. even though our growth is not exceptional, it's still solid and better than other markets to be in. >> looking towards next week, morgan stanley, goldman sachs, bank of america out on thursday. what sort of growth rates are we going to see for these guys? how easy is the -- first of all, are they going the be flatted by easy xait comparisons? >> they're going to be very flattered by easy pairsons. there were a lot of eva chavrnlgs where the value of their bonds decreased. so they hurt a lot of their bonds. but sequentially from last quarter, it's not a large growth. 6/it's going to make them look a little better. >> what is going to be the key report for you or the key thing to focus on? >> as far as wells fargo, i would say what they have to say about the housing market. is it going to continue to be overheated? is it going to improve? this is something that affects not only the banks, but other parts of the economy, as well. we've seen in the consumer discretionary secto
CNBC
Jan 14, 2013 4:00am EST
employment opportunity, you've got income growth and environment of very low interest rate is headache to policymaker in which i think the government here continue to have to fine tunemakers every now and then essentially because after they tighten one time, they quiet down the market, but i comes back again because the liquidity flows remain strong. so whether this is the measures toned all measures remains to be seen, i think if the interest rate remains low, we may see further tightening after a period of quiet. i suppose contemplation, i think. >> stick right there. we also want to take a look at what is happening over in india. we're seeing mixed pictures on inflation. headline inflation slowed to its lowest level in three years, in fact. that was up about 7.2% from a year earlier and well shy of expectations. some say the lower than expected wpi fueled the rate cut from india. does this mean 25 basis point rate cuts and more to come? >> well, there's firm pressure from the politicians on the central bankers to do so. the growth is still rather iffy. you've got inflation taking th
FOX News
Jan 7, 2013 8:00am PST
. defense attorneys for the boy claim he was raised in a violent environment and taught killing people was okay. child welfare authorities in fact, jenna, made more than 20 visits to the home checking on the boy. but the public defender representing him argued the youngster joined his fare, a regional leader of the national socialist movement, to nazi rallies and to the mexican border to learn how to keep mex ans out of the u.s. they say he had a violent streak. stabbing a teacher while in kindergarten with a pencil and the question in this case is did know what he was doing was wrong? his 11-year-old sister told her days ahead of time he planned to shoot his dad to avoid a breakup with their step mom. that is where the case today back in court. it is heard by a judge, not a jury. that judge will decide if there was premedcation and -- premeditation and whether or not his fathers beliefs and the boy's exposure to neo-nazi tactics led to the murder. if the judge rules he is guilty he could be held by juvenile authorities until he is 23. that is the latest, jenna. jenna: what a case. jam
CNBC
Jan 8, 2013 9:00am EST
environment. there are still plenty of people who think the debt ceiling issues could be a debacle. february 15th, a little earlier than expected, a lot of people floating ideas that moody's might downgrade the u.s. debt sometime this quarter, if there's no grand bargain that ever appears, and that looks increasingly unlikely. i'm in the camp that the risk is to the down side on the stock market right now. earnings today, as you just mentioned here, look, the question has been whether or not putry was the trough in earnings that things would get better from here. it's going to be modest improvement. q4 isn't looking that great. we're only looking at roughly 3% improvement in earnings. that's not great. top line growth has been nonexistent throughout last year. q3 top line growth was zero. zero. we haven't seen that in a long time. you want to know how weird that is? the ten-year eenaverage is 7%. maybe it will be 3%. that's the hope. it's coming down as we're going in. so we may be at a trough in the third quarter, but the fourth quarter certainly isn't going to be gangbusters right now here
MSNBC
Jan 8, 2013 3:00am PST
? >> about $135. and you go online and cut out the middleman. it's an a wholesale environment. that might be $250 above. people really respond to that and everybody can appreciate a value. >> a good story. a couple buddies making good. >> 200%. >> congratulations on ledbury and on your baby, more important. >>> coming up next, the president on the council of foreign relations. richard haass of the romney campaign, dan senore, much to talk about. also, mayor michael bloomberg of new york city and mika's dad, dr. brzezinski. >> well done, willie. with the spark cash card from capital one, sven gets great rewards for his small business! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purchase, every day! woo-hoo!!! so that's ten security gators, right? put them on my spark card! why settle for less? testing hot tar... great businesses deserve great rewards! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? here's your
MSNBC
Jan 10, 2013 3:00am PST
in our urban environments and yes, under these circumstances where somebody goes in and shoots up a movie theater or shoots up a school. let's take the steps that make the most sense today. i had a great conversation yesterday with vice president biden. and i know he is preparing his recommendations to the president. and i don't want to get into the details of the discussion, but he's got this down pretty well. he understands what we need to do to make it less likely that these things are going to happen in our cities and towns and these mass murders could be limited at least going into the future if some common-sense things are taken. the magazine thing is very big. >> wes. >> and it seems like a large part of the issue as well is there are actually laws that are sitting on the becomes, laws that are supposed to be enforced by atf and federal authorities that they have not had the capacity to be able to enforce. where does that fall into the larger conversation as well, and what can states and municipalities do to actually enforce what's there right now, but we have been woefully insuffi
MSNBC
Jan 9, 2013 3:00am PST
to sort of build a better environment for consumers, dr. sachs, where is the consumer today on being treated fairly by the banks, being given clear information, being not put in situations where they're going to go under water like still so many americans are with their mortgages? >> well, i think we're all confused. >> have any of them improved? >> i think there's probably a little improvement. i think elizabeth war knoren is going to make a big difference because she's going to be watching absolutely. i think the truth is the bankers still run the show in washington as well as on wall street. the thing about bailing out banks, even if you had to bail out the financial system, you don't have to bail out the bankers. and that's where they didn't know how to draw the line. and i think what you said, joe, is absolutely right. the campaign contributions have been the focus on both parties. this time they went wildly for the republican side because it's true. you do the slightest thing, it's indignation. you only gave us hundreds of billions of dollars of bailout. how dare you say a word
MSNBC
Jan 11, 2013 3:00am PST
., their compensation structure is too high in the current environment. just like everything else in life, the price of stuff goes down, the price of banking services, we know we're trading stocks now for three or four bucks online. the pay structure has completely evolved to the point where these banks are realizing, it's not sustainable. and they're getting smaller. and i know there's -- listen, not a lot of sympathy out there for wall street or the pay or whatever. but these are also men and women losing their jobs. and i'll tell you what is risky is new york city, guys. don't forget that right now one in every five tax dollars for new york city comes from the financial services community. so while there will be -- listen, a lot of people will be like, well, they've been overpaid for years, whatever. the point is, this could take a hit on new york city, it's not like you're going to eliminate a banker's job and replace that with another job that makes a couple hundred thousand a year. so watch new york city. i'm sure they're not real happy about this, as well. the banks are simply too big, guys.
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